Thursday, April 16, 2009

Bernanke Urges More Action to Stem Home Foreclosure Crisis

Adsense Code] Associated Press, May 5, 10:04 PMBy JEANNINE AVERSAWASHINGTON (AP) - A rising tide of late mortgage payments and home foreclosures poses considerable dangers to the national economy, Federal Reserve Chairman Ben Bernanke warned anew Monday as he urged Congress to take additional steps to alleviate the problems. High rates of delinquency and foreclosure can have substantial spillover effects on the housing market, the financial markets and the broad

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